Equalization Levy Redefined: A must-read for all companies doing business in India
Equalization Levy Redefined The Finance Act 2020 has quietly introduced a New Equalization levy which comes into effect from 01 st April 2020. Interestingly, this amendment never featured in the Finance Bill 2020. Ever since Equalization levy was introduced in 2016, it was always a burden on the Indian Companies. Indian Companies were supposed to deduct 6% from the payments made to non-resident companies providing online advertisement Serv...